ADA – DESCENDING WEDGE

Cardano / TetherUS BINANCE:ADAUSDT

laterrasanta

There is a giant descending wedge pattern, which was triggered with a decent volume already.
Now the price is squeezed between the resistance at 1.25 and daily SMA-100.
You may want to wait for resistance breakout at 1.25 before buying.
When you draw a Fibonacci Retracement from A to B, you will see the level 0.618 coincides with the wedge target. So, it is good idea to be cautious then.

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